FREQUENTLY ASKED QUESTIONS < back to the FAQS main page Q.6 What are businesses required to do with Unclaimed Property? A.6 All 50 states, the district of Columbia, the Virgin Islands and Guam have statues that require all legal entities, including partnerships, LLC’s and C corporations, to file an un annual unclaimed property return. The statutes vary from state to state and category to category. A requirement to file in a state is not determined by your business location rather a company's organizational structure, location, and relationship to its subsidiaries, will directly affect its unclaimed property liability. Businesses are required to navigate the maze of statutes and requirements, including due diligence, to maintain compliance.